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news51d ago

Ronin (@Ronin_network) Is Set To Migrate From A Standalone Evm Chain To An Ethereum Layer 2 On May 12, With A Hardfork Scheduled At Block #55577490.

Ronin (@Ronin_network) Is Set To Migrate From A Standalone Evm Chain To An Ethereum Layer 2 On May 12, With A Hardfork Scheduled At Block #55577490.

Users should expect approximately 10 hours of downtime for all onchain activity during the transition.

The upgrade is built on the OP Stack, with Optimism, Conduit, Boundless, and EigenDA serving as infrastructure partners. Ronin joins Celo and Fraxtal in a broader trend of alternative Layer 1 networks returning to the Ethereum ecosystem as L2 technology has matured.

One of the most significant changes is a sharp reduction in $RON token inflation, which falls from over 20% to under 1% following the upgrade — a more than 20x decrease that would put its monetary inflation rate below that of the US dollar. Ronin Marketplace fees will also increase from 0.5% to 1.25%, with proceeds flowing into a Treasury that will additionally capture net sequencer profits and a 90 million $RON staking reserve.

Alongside the migration, Ronin is introducing Proof of Distribution, an automated, merit-based reward system for builders. Rewards will be weighted across metrics including gas spend, user growth, NFT volume, DEX volume, and contract activity, with distributions made monthly on a four-week lookback basis.

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